ALFA Finder
The call ran from 5:31 PM to 6:34 PM IST (1 h 4 min).
Key takeaways
H1 PAT ₹31.7 Cr (+66%) is headline; management leans on ex-DA-default PAT ₹36.34 Cr (+91%). Q2 PAT fell QoQ; FY27 guidance held despite rising credit cost.
| Management target | Net Profit FY27 |
|---|
| Revenue growth | NII +35%; H1 PAT +66% reported, +91% adjusted ex-DA default. |
|---|---|
| Margins | NIM 11.28% vs 10.88%; borrowing cost down 51bps to 10.59%. |
| Demand visibility | Secured MSME ₹1,493 Cr (81% AUM); collections 98.68% vs 93% prior year. |
| Management confidence | Defensive on DA default and evergreening; confident on growth; hedged credit guidance. |
Growth
NII +35%; AUM +33% to ₹1,843 Cr; impairments +81% from ₹19 Cr DA default; Q2 PAT ~10% lower QoQ.
Outlook
FY27 guide: AUM >₹2,000 Cr (~25%), NII and PAT +35–40%; FY28 guidance deferred; ROA target 3.5–3.75%.
Risks
FY27 credit cost guided 1.0–1.25% vs H1 0.96%; Stage 3 ₹12→₹30 Cr; D/E 3.31x; equity dilution likely.
Last quarter's promises, checked
Delivered
- AUM ~28% growth → +33% to ₹1,843 Cr (= BEAT)
- Collections >92% → 98.68% (= BEAT)
Partly delivered
- 30–35 new branches in FY27 from 196 → 209 (+13) by quarter-end (= PARTIAL)
- Credit cost ~1% → H1 0.96%, but FY27 guided 1.0–1.25% (= PARTIAL)
Missed
- Borrowing cost to fall 22–25bps in FY27 from ~10.48% → 10.59% (= MISS)
- Upmoney ₹18–19 Cr, 70% provided, 'well covered' → ₹19 Cr DA default, impairments +81% (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Laxmi India Finance Q2 FY27 Results: Net Profit ₹15.4 Cr, Up 63.8% YoY
Laxmi India Finance Ltd reported revenue from operations of ₹98.2 Cr (+29.7% YoY) and net profit of ₹15.4 Cr (+63.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹15.4 Cr · +63.8% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 30-35% annual AUM growth and 40-45% PAT growth for FY27.
Growth they described
AUM grew 28% YoY to ₹1,721.7 crore, fueled by a 31.7% increase in the own-book portfolio.
Call details
| Company | Laxmi India Finance Ltd |
|---|---|
| NSE symbol | LAXMIINDIA |
| ISIN | INE06WU01026 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 5:30 PM IST |
| Length | 1 h 4 min |
| Audio | Our stream on YouTube ↗ |
Laxmi India Finance Ltd: key numbers
- Share price
- ₹101.60
- Market cap
- ₹532.3 Cr
- Revenue (annual)
- ₹317.0 Cr
- Net profit (annual)
- ₹49.76 Cr
- P/E (TTM)
- 8.5×Sector 21.0×
- Promoter holding
- 60.17%+0.00% QoQ
- FII holding
- 1.60%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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